Markets > Bonds

Longyuan Power Group to issue RMB 2 bln 270D bills June 4

BEIJING
2015-06-03 14:46

Already collect

Longyuan Power Group Co. of China announced Wednesday that it would issue 2 billion yuan worth of 270-day bills on June 4.

The money raised will be used to repay debts owed to financial institutions.

The details for the bills issue are as follows:

Issuer (full name)

Longyuan Power Group Co.

Guarantee

Unsecured

Registered amount

RMB 20 bln

Offering amount

RMB 2 bln

Term

270D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

China Merchants Bank; SPD Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Jun. 4, 2015

Value Date

Jun. 8. 2015

Payment Date

Jun. 8, 2015

Circulation Date

Jun. 9, 2015

Maturity Date

Mar. 4, 2016

Issuer Rating

AAA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

Dagong Global Credit Rating Co., Ltd.

 

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